Abstract

AbstractTrade in services has been on a substantial positive trend since the last decades, and the number of regional trade agreements (RTAs) in force has increased regularly overtime. However, negotiations on services remain hesitant even at the bilateral level. Classifying an RTA according to its degree of liberalisation in services allows accounting for ‘depth’ and heterogeneity issues amongst RTAs. I estimate a gravity equation using panel data covering the period 1999–2007, including bilateral and country‐and‐time fixed effects. The main results are: (i) amongst RTAs, only the trade agreements covering services have a significant effect on trade in services; and (ii) the deeper, in terms of sectors and of content, the agreement is, the more intratrade the signatory countries have.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.